SAO PAULO – Despite the drop in Brazil’s new car sales caused by a flailing economy, auto makers here are raising prices. Ricardo Carvalho, president of the National Assn. of Vehicle Manufacturers (Anfavea), says car makers want to cover increased costs of domestic and imported parts and components. He predicts prices will rise 1% to 3% this month, watering down the impact of the recent sales tax reduction on midsize cars from 25% to 16%. Sergio Amaral, minister of ...
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